Which of the following scenarios best illustrates the concept of due professional care?
A.
After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.
B.
After conducting an audit based upon a predefined scope and objective, the internal auditor guaranteed management that the system of internal controls in an audited area operates effectively.
C.
As head of the internal audit activity, the chief audit executive reported functionally to the organization's board and administratively to senior management.
D.
As head of the internal audit activity, the chief audit executive ensures that engagement supervisors conduct post-engagement staff meetings.
The scenario that best illustrates the concept of due professional care is when an internal auditor establishes engagement objectives, reviews processes systematically, and assures process owners that all significant risk events were identified and tested using a disciplined approach. This scenario reflects adherence to the standard of due professional care which mandates that internal auditors must apply the care and skill expected of a reasonably prudent and competent auditor.
The IIA's International Standards for the Professional Practice of Internal Auditing, particularly those standards related to due professional care.
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